ARES MANAGEMENT CORPORATION REPORTS SECOND QUARTER 2026 RESULTS

Rhea-AI Summary

Ares Management (NYSE:ARES) reported second quarter 2026 GAAP net income attributable to the company of $150.6 million, or $0.49 per basic and diluted share of Class A and non-voting common stock. After-tax realized income was $467.6 million, or $1.29 per Class A share, and fee related earnings were $491.1 million.

According to Ares, the quarter included more than $36 billion of fundraising inflows and many key financial metrics grew over 20% year over year. The company reported a record $170 billion of dry powder and $671 billion of assets under management as of June 30, 2026.

Ares declared a quarterly common dividend of $1.35 per share, payable September 30, 2026, and a preferred dividend of $0.84375 per Series B mandatory convertible preferred share, payable October 1, 2026. A Dividend Reinvestment Program for Class A stock will be effective for the September 30, 2026 dividend.

Positive

• GAAP net income $150.6 million in Q2 2026
• After-tax realized income $467.6 million; $1.29 per Class A share
• Fee related earnings $491.1 million in the quarter
• Fundraising inflows exceeded $36 billion, described as a record quarter
• Dry powder reached a record $170 billion to support future investments
• Assets under management stood at $671 billion as of June 30, 2026
• Quarterly common dividend set at $1.35 per share for September 30, 2026

Negative

• None.

Market Context

The five-event earnings record averaged -0.43%, adding historical context to this quarterly report. ...

Analysis

The five-event earnings record averaged -0.43%, adding historical context to this quarterly report. The active S-3ASR shelf covers issuance and resale of multiple securities; subsequent filings and operating metrics warrant attention.

Key Figures

GAAP net income: $150.6 million GAAP EPS: $0.49 After-tax realized income: $467.6 million +5 more

8 metrics

GAAP net income $150.6 million Second quarter ended June 30, 2026

GAAP EPS $0.49 Basic and diluted Class A and non-voting common stock

After-tax realized income $467.6 million Second quarter ended June 30, 2026

After-tax realized income per share $1.29 Class A common stock

Fee related earnings $491.1 million Second quarter ended June 30, 2026

Fundraising inflows More than $36 billion Second-quarter fundraising

Dry powder $170 billion Reported at the time of second-quarter results

Common stock dividend $1.35 per share Quarterly dividend payable September 30, 2026

Previous Earnings Reports

5 past events · Latest: May 01 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
May 01	Q1 earnings	Positive	+1.4%	Record fundraising and higher earnings accompanied the quarterly results.
Feb 05	Q4 earnings	Positive	-11.2%	Higher annual fundraising, AUM growth, and a common-dividend increase accompanied results.
Nov 03	Direct lending activity	Positive	+4.6%	U.S. direct lending commitments and transaction counts were reported for the quarter.
Nov 03	Q3 earnings	Positive	+4.6%	Higher earnings, AUM, management fees, fundraising expectations, and available capital were reported.
Aug 01	Direct lending activity	Positive	-1.5%	U.S. direct lending commitments and transaction activity were reported for the quarter.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Tag-specific earnings events were positive in three cases and negative in two, with reactions ranging from -11.19% to +4.57%.

Key Terms

gaap, after-tax realized income, fee related earnings, mandatory convertible preferred stock, +1 more

5 terms

gaap financial

"GAAP net income attributable to Ares Management Corporation was $150.6 million"

GAAP, or Generally Accepted Accounting Principles, are a set of standardized rules and guidelines that companies follow when preparing their financial statements. They ensure consistency, transparency, and comparability across different companies, making it easier for investors to understand and compare financial information accurately. This helps investors make informed decisions based on trustworthy and uniform financial reports.

View in glossary

after-tax realized income financial

"After-tax realized income was $467.6 million for the quarter"

Money an investor actually keeps from investment gains or income after any taxes owed on those gains have been paid; “realized” means the gains were locked in by selling an asset or receiving a cash payment, not just paper changes in value. It matters because it shows the true cash benefit from an investment—like comparing a paycheck before and after tax deductions—and helps evaluate net returns and tax efficiency of different investments.

fee related earnings financial

"Fee related earnings were $491.1 million for the quarter"

Fee related earnings are the predictable revenue a financial firm collects from ongoing client charges such as asset management fees, advisory fees, custody or service fees, and recurring commissions, as opposed to one-off gains from trading or interest income. Investors care because these fees act like a steady subscription, smoothing revenue and making a company's cash flow more reliable and easier to forecast, which reduces risk and supports valuation.

mandatory convertible preferred stock financial

"6.75% Series B mandatory convertible preferred stock"

A mandatory convertible preferred stock is a type of investment that pays regular income like a preferred share but is designed to automatically turn into a set number of common shares at a future date, much like a timed coupon that becomes company ownership. It matters to investors because it combines a near-term income stream with a guaranteed future increase in the company’s share count, which can dilute existing owners and change earnings-per-share and voting balance.

dividend reinvestment program financial

"Ares has a Dividend Reinvestment Program for its Class A common stockholders"

A dividend reinvestment program lets investors automatically use cash dividends to buy more shares of the same company instead of taking the money as cash. Think of it like an automatic savings plan that turns small payouts into additional ownership, often including fractional shares, which can speed up compound growth and reduce the need for manual buying decisions — a convenience that can boost long-term returns for shareholders.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, July 31, 2026 /PRNewswire/ -- Ares Management Corporation (NYSE:ARES) today reported its financial results for its second quarter ended June 30, 2026.

GAAP net income attributable to Ares Management Corporation was $150.6 million for the quarter ended June 30, 2026. On a basic and diluted basis, net income attributable to Ares Management Corporation per share of Class A and non-voting common stock was $0.49 for the quarter ended June 30, 2026.

After-tax realized income was $467.6 million for the quarter ended June 30, 2026. After-tax realized income per share of Class A common stock was $1.29 for the quarter ended June 30, 2026. Fee related earnings were $491.1 million for the quarter ended June 30, 2026.

"We generated strong second-quarter results, including another record quarter of fundraising with more than $36 billion of inflows as our clients continue to reward us due to our strong and consistent fund performance across our strategies," said Michael Arougheti, Chief Executive Officer of Ares. "Our diverse global origination platform enabled us to remain active investing in attractive opportunities across the platform in a slower transaction environment and we are now seeing a meaningful pickup in our firmwide investment pipeline."

"We continue to translate the scale and diversification of our platform into strong financial performance with many of our key financial metrics growing more than 20% year over year and we remain on track to achieve our financial goals for the year," said Jarrod Phillips, Chief Financial Officer of Ares. "We have a record $170 billion of dry powder, which positions us well to execute on our largest ever forward investment pipeline and support continued earnings growth."

Common Stock Dividend

Ares declared a quarterly dividend of $1.35 per share of its Class A and non-voting common stock, payable on September 30, 2026 to its Class A and non-voting common stockholders of record at the close of business on September 16, 2026.

Preferred Stock Dividend

Ares declared a quarterly dividend of $0.84375 per share of its 6.75% Series B mandatory convertible preferred stock, payable on October 1, 2026 to its preferred stockholders of record at the close of business on September 15, 2026.

Dividend Reinvestment Program

Ares has a Dividend Reinvestment Program for its Class A common stockholders that will be effective for the quarterly dividend on September 30, 2026. Equiniti Trust Company is engaged to administer the plan on behalf of Ares. Additional information can be located on the Investor Resources section of our website.

Additional Information

Ares issued a full detailed presentation of its second quarter 2026 results, which can be viewed at www.ares.com on the Investor Resources section of our home page under Events and Presentations. The presentation is titled "Second Quarter 2026 Earnings Presentation."

Conference Call and Webcast Information

Ares will host a conference call on July 31, 2026 at 9:00 a.m. (Eastern Time) to discuss second quarter results. All interested parties are invited to participate via telephone or the live webcast, which will be hosted on a webcast link located on the Home page of the Investor Resources section of our website at http://www.ares.com. Please visit the website to test your connection before the webcast. Domestic callers can access the conference call by dialing +1 (800) 267-6316. International callers can access the conference call by dialing +1 (203) 518-9783. All callers are asked to dial in 10-15 minutes prior to the call so that name and company information can be collected and to reference the conference ID ARESQ226. For interested parties, an archived replay of the call will be available through August 31, 2026 to domestic callers by dialing +1 (800) 839-5676 and to international callers by dialing +1 (402) 220-2565. An archived replay will also be available through August 31, 2026 on a webcast link located on the Home page of the Investor Resources section of our website.

About Ares Management Corporation

Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to advance our stakeholders' long-term goals by providing flexible capital that supports businesses and creates value for our investors and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of June 30, 2026, Ares Management Corporation's global platform had over $671 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit www.ares.com.

Forward-Looking Statements

Statements included herein contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), which reflect our current views with respect to, among other things, future events, operations and financial performance. You can identify these forward-looking statements by the use of forward-looking words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "predicts," "intends," "plans," "estimates," "anticipates," "foresees" or negative versions of those words, other comparable words or other statements that do not relate to historical or factual matters. The forward-looking statements are based on our beliefs, assumptions and expectations of our future performance, taking into account all information currently available to us. Such forward-looking statements are subject to various risks and uncertainties and assumptions relating to our operations, financial results, financial condition, business prospects, growth strategy and liquidity. Actual results may vary materially from those indicated in these forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission. Ares Management Corporation does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

Nothing in this press release constitutes an offer to sell or solicitation of an offer to buy any securities of Ares or an investment fund managed by Ares or its affiliates.

Investor Relations Contacts

Greg Mason	Carl Drake
gmason@ares.com	cdrake@ares.com
(800) 340-6597	(800) 340-6597

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SOURCE Ares Management Corporation

FAQ

What were Ares Management (NYSE:ARES) earnings for the second quarter of 2026?

Ares reported GAAP net income attributable to the company of $150.6 million, or $0.49 per share, for Q2 2026. According to Ares, after-tax realized income was $467.6 million, or $1.29 per Class A share, and fee related earnings were $491.1 million.

How much fundraising did Ares Management (ARES) achieve in Q2 2026?

Ares generated more than $36 billion of fundraising inflows in the second quarter of 2026. According to Ares, this represented another record fundraising quarter as clients allocated capital across its strategies, contributing to growth in many key financial metrics of over 20% year over year.

What dividends did Ares Management (ARES) declare for Q2 2026 shareholders?

Ares declared a quarterly common dividend of $1.35 per Class A and non-voting share, payable September 30, 2026. According to Ares, it also declared a preferred dividend of $0.84375 per 6.75% Series B mandatory convertible preferred share, payable October 1, 2026, to holders of record on specified September dates.

When is the record date and payment date for the Ares (ARES) Q2 2026 common dividend?

The Ares quarterly common dividend will be paid on September 30, 2026 to stockholders of record on September 16, 2026. According to Ares, this applies to its Class A and non-voting common stock and will be eligible for the company’s Dividend Reinvestment Program starting with this dividend.

What is Ares Management’s dry powder and assets under management as of June 30, 2026?

As of June 30, 2026, Ares reported record dry powder of $170 billion and assets under management of $671 billion. According to Ares, this capital base and diversification support its largest-ever forward investment pipeline and its goal of continued earnings growth across markets.

Does Ares Management (ARES) offer a Dividend Reinvestment Program and when does it start?

Ares has a Dividend Reinvestment Program for its Class A common stockholders effective for the September 30, 2026 dividend. According to Ares, Equiniti Trust Company administers the plan, and additional details are available in the Investor Resources section of the company’s website for interested shareholders.

When is the Ares Management (ARES) Q2 2026 earnings conference call and replay available until?

The Ares Q2 2026 earnings call is scheduled for July 31, 2026 at 9:00 a.m. Eastern Time. According to Ares, an archived telephone and webcast replay will be available through August 31, 2026, with access details provided on the Investor Resources section of its website.